Pricing Actuary
Job Summary
- Manage quotations for business, and ensure solutions are relevant and commercially attractive to clients while ensuring adherence to local guidelines and satisfying SCOR’s profitability requirements
- Evaluate pricing KPIs for Japan life & Health protection reinsurance opportunities using pricing tools (Prophet, Excel etc.).
- Support Financial Solution team to provide biometric risk best estimate assumptions as required.
- Monitor the actual results of new business booked in Japan, provide experience analysis and report it to related department as required.
- Produce analysis which supports pricing activity, enhances knowledge and aids product development
- Establish an effective network amongst Japanese life insurance product, pricing and finance actuaries while creating a strong awareness of SGL’s expertise in traditional life insurance, financial solutions and capital management techniques.
- Negotiate with local clients in Japan to finalize pricing quotes and support marketing team to develop treaty documents.
- Communicate with related teams in SCOR Life & Health regional offices (Singapore, Hong Kong etc.).
- Work with local pricing, underwriting, business development teams.
- Support Business Development team to have a presentation or a seminar for clients regarding the latest actuarial topics.
Required experience & competencies
More than 5 years of relevant actuarial experience in life/non-life insurance, life reinsurance or life consulting work in Japan, preferably with emphasis on business development, product development and/or financial management.
Specific knowledge of actuarial topics.
Commitmment to deliver the outputs on time.
Ideally, Experience of using some actuarial software (Prophet, Axis etc.).
Ability to work collaboratively and communicate well with colleagues and management in Japan office and SCOR international network.
Ability to manage several tasks simultaneously.
Required Education
Qualified member of any Institute of Actuaries
Undergraduate degree or equivalent in financial discipline